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Upbeat Economic Data From Germany
Could Be Sign of Wider EU Recovery

By

Adam S. Najberg Dow Jones Newswires

Updated June 13, 2002 12:01 a.m. ET

Kevin Gaynor has seen enough economic peaks and troughs so that he doesn't get too excited every time upbeat numbers cross his desk. But the head of European economic research for UBS AG raised an eyebrow when fresh figures arrived from Germany last week.

Huddling in UBS's London offices, Mr. Gaynor and a few colleagues noticed an unexpectedly large 7.8% jump in orders from the German manufacturing sector in April. "That's a...